Economic Impact of the Olympic Games - Coursework Example

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Extract of sampleEconomic Impact of the Olympic Games

Thus this study contains a detailed economic analysis of the host country's economic activities that are directly and indirectly attributable to the conduct of Olympic Games. The study demonstrates that the economic benefits of the Olympic Games can be influenced by government policies and both the government and the business community would focus their efforts on strategic policies and initiatives in order to maximize the long term gains to the host country in particular (Kirkup, 2006). However it's the aggregate demand and supply shift that matters so much in this analysis. Thus the long term impacts of the Olympic Games on the host country's economy include,
Olympic Games can be identified in three phases such as, the pre-games phase, the games duration and the post-games phase (Caimbridge, 1998). In the first phase it is characterized by two different impacts which are associated with Olympic Games, such as the construction and associated infrastructure of the Games site. And in the duration of Olympic Games there would be a significant increase in international visitors to the host country in particular. During the post-games phase there would be a significant improvement in inbound tourism in the host country. ...

Summary

Olympic Games are a major international event consisting of some summer and winter sports events with thousands of participants from different countries. Thus it's clear that Olympic Games have significant positive and some negative impacts on national economies, especially the host country's economy (Hefner, 1990)…